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NYSE:GVAGranite Construction Stock Price, Forecast & News

$16.75
+0.18 (+1.09 %)
(As of 04/9/2020 04:00 PM ET)
Add
Compare
Today's Range
$16.39
Now: $16.75
$17.25
50-Day Range
$10.10
MA: $17.07
$28.15
52-Week Range
$8.90
Now: $16.75
$48.80
Volume40,605 shs
Average Volume1.17 million shs
Market Capitalization$782.90 million
P/E RatioN/A
Dividend Yield3.30%
Beta1.6
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe rehabilitation services. The Specialty segment constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, and power projects; and undertakes bid-build, design-build, and construction management/general contractor contracts. The Materials segment focuses on production of aggregates, asphalt, and construction related materials, as well as sanitary and storm water rehabilitation products, such as cured-in-place pipe felt and fiberglass-based lining tubes. The company also engages in the construction of streets, highways, mass transit facilities, trenchless and underground utilities, tunnels, dams, and other infrastructure-related projects. In addition, it performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.
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Granite Construction logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.78 out of 5 stars


Industry, Sector and Symbol

Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
SectorConstruction
CUSIP38732810
Phone831-724-1011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.32 billion
Cash Flow$4.86 per share
Book Value$29.80 per share

Profitability

Net Income$42.41 million

Miscellaneous

Employees5,700
Market Cap$782.90 million
Next Earnings Date4/24/2020 (Estimated)
OptionableOptionable

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Granite Construction (NYSE:GVA) Frequently Asked Questions

How has Granite Construction's stock been impacted by COVID-19 (Coronavirus)?

Granite Construction's stock was trading at $14.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GVA stock has increased by 12.1% and is now trading at $16.7450. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Granite Construction?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Granite Construction.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release its next quarterly earnings announcement on Friday, April 24th 2020. View our earnings forecast for Granite Construction.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) posted its earnings results on Friday, October, 25th. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.98. The construction company earned $1.09 billion during the quarter, compared to analysts' expectations of $1.15 billion. Granite Construction had a negative return on equity of 4.63% and a negative net margin of 3.11%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.43 EPS. View Granite Construction's earnings history.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Thursday, March 26th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.13 per share on Wednesday, April 15th. This represents a $0.52 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, March 30th. View Granite Construction's dividend history.

What price target have analysts set for GVA?

3 analysts have issued 1 year price targets for Granite Construction's stock. Their forecasts range from $10.00 to $30.00. On average, they anticipate Granite Construction's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price. View analysts' price targets for Granite Construction.

Has Granite Construction been receiving favorable news coverage?

Media stories about GVA stock have trended very negative on Thursday, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Granite Construction earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutGranite Construction.

Are investors shorting Granite Construction?

Granite Construction saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,891,800 shares, a decrease of 8.0% from the February 27th total of 7,490,000 shares. Based on an average daily volume of 895,300 shares, the short-interest ratio is currently 7.7 days. Currently, 14.9% of the company's stock are short sold. View Granite Construction's Current Options Chain.

Who are some of Granite Construction's key competitors?

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Applied Materials (AMAT), Alibaba Group (BABA), JD.Com (JD), AT&T (T), Enterprise Products Partners (EPD), Ford Motor (F), Hain Celestial Group (HAIN), AbbVie (ABBV) and TENCENT HOLDING/ADR (TCEHY).

Who are Granite Construction's key executives?

Granite Construction's management team includes the following people:
  • Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 62)
  • Ms. Jigisha Desai, Sr. VP & CFO (Age 52)
  • Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 55)
  • Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 56)
  • Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 47)

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%). Company insiders that own Granite Construction stock include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin and Patricia D Galloway. View institutional ownership trends for Granite Construction.

Which major investors are buying Granite Construction stock?

GVA stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin, and Patricia D Galloway. View insider buying and selling activity for Granite Construction.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $16.75.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $782.66 million and generates $3.32 billion in revenue each year. The construction company earns $42.41 million in net income (profit) each year or $2.34 on an earnings per share basis. Granite Construction employs 5,700 workers across the globe. View additional information about Granite Construction.

What is Granite Construction's official website?

The official website for Granite Construction is http://www.graniteconstruction.com/.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]

This page was last updated on 4/9/2020 by MarketBeat.com Staff

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